Agricultural Credit Restoration Act

Summary

Agricultural Credit Restoration Act - Amends the Consolidated Farm and Rural Development Act to exclude from "debt forgiveness": (1) loan rescheduling, consolidation, deferral, or reamortization; (2) one debt forgiveness due to natural disaster or family medical condition; and (3) loan restructuring, write-down, or buy-out as part of the resolution of a discrimination complaint against the Secretary of Agriculture (thus excluding such situations from the ban on lending program eligibility for producers with restructured farm debt). Increases the number of permitted loan (including direct operating and guaranteed loan) write-downs or buy-outs per borrower from one to two. Eliminates the aggregate limitation on per borrower debt forgiveness. Authorizes interstate allocation of unused funds for socially disadvantaged farmers and ranchers.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 19 March 1998

   Introduced

   Referred to the House Committee on Agriculture.

   Source: IntroReferral

2. 19 March 1998

   Introduced

   Introduced in House

   Source: IntroReferral

3. 19 March 1998

   Introduced

   Introduced in House

   Source: IntroReferral

4. 24 March 1998

   Committee

   Executive Comment Requested from USDA.

   Source: Committee

5. 24 March 1998

   Referred

   Referred to the Subcommittee on Forestry, Resource Conservation and Research.

   Source: Committee

6. 17 July 1998

   Introduced

   Sponsor introductory remarks on measure. (CR H5848)

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 19 March 1998 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 19 March 1998

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 19 March 1998

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 19 March 1998

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Clayton, Eva M. [D-NC-1] · D · Sponsor
• Rep. Meek, Carrie P. [D-FL-17] · D · Sponsor
• Rep. Brown, George E., Jr. [D-CA-42] · D · Sponsor
• Rep. Holden, Tim [D-PA-17] · D · Sponsor
• Rep. Frost, Martin [D-TX-24] · D · Sponsor
• Rep. Bishop, Sanford D. [D-GA-2] · D · Sponsor
• Rep. Bonior, David E. [D-MI-10] · D · Sponsor
• Rep. Thompson, Bennie G. [D-MS-2] · D · Sponsor
• Rep. Boswell, Leonard L. [D-IA-3] · D · Sponsor
• Rep. Pastor, Ed [D-AZ-4] · D · Sponsor
• Sen. Stabenow, Debbie [D-MI] · D · Sponsor
• Rep. Etheridge, Bob [D-NC-2] · D · Sponsor
• Rep. Mascara, Frank [D-PA-20] · D · Sponsor
• Rep. Hilliard, Earl F. [D-AL-7] · D · Sponsor
• Del. Christensen, Donna M. [D-VI-At Large] · D · Sponsor
• Rep. Baesler, Scotty [D-KY-6] · D · Sponsor
• Rep. Condit, Gary A. [D-CA-18] · D · Sponsor
• Rep. Skelton, Ike [D-MO-4] · D · Sponsor
• Rep. Pomeroy, Earl [D-ND-At Large] · D · Sponsor
• Rep. Hinchey, Maurice D. [D-NY-22] · D · Sponsor
• Rep. Towns, Edolphus [D-NY-10] · D · Sponsor
• Rep. Stark, Fortney Pete [D-CA-13] · D · Sponsor
• Rep. Furse, Elizabeth [D-OR-1] · D · Sponsor
• Rep. Danner, Pat [D-MO-6] · D · Sponsor
• Rep. Lewis, John [D-GA-5] · D · Sponsor
• Rep. Abercrombie, Neil [D-HI-1] · D · Sponsor
• Rep. Gephardt, Richard A. [D-MO-3] · D · Sponsor
• Rep. Scott, Robert C. "Bobby" [D-VA-3] · D · Sponsor
• Rep. DeLauro, Rosa L. [D-CT-3] · D · Sponsor
• Rep. McIntyre, Mike [D-NC-7] · D · Sponsor
• Rep. Dooley, Calvin M. [D-CA-20] · D · Sponsor
• Sen. Sanders, Bernard [I-VT] · I · Sponsor
• Rep. Price, David E. [D-NC-4] · D · Sponsor
• Del. Faleomavaega, Eni F. H. [D-AS-At Large] · D · Sponsor
• Rep. Jackson Lee, Sheila [D-TX-18] · D · Sponsor
• Rep. Kilpatrick, Carolyn C. [D-MI-13] · D · Sponsor
• Rep. Rush, Bobby L. [D-IL-1] · D · Sponsor
• Rep. Clyburn, James E. [D-SC-6] · D · Sponsor
• Rep. Wynn, Albert Russell [D-MD-4] · D · Sponsor
• Rep. Davis, Danny K. [D-IL-7] · D · Sponsor
• Rep. Watt, Melvin L. [D-NC-12] · D · Sponsor
• Rep. Hefner, W. G. (Bill) [D-NC-8] · D · Cosponsor
• Rep. Spratt, John M., Jr. [D-SC-5] · D · Cosponsor
• Rep. Waters, Maxine [D-CA-43] · D · Cosponsor
• Rep. Capps, Lois [D-CA-24] · D · Cosponsor
• Rep. Rangel, Charles B. [D-NY-15] · D · Cosponsor
• Rep. Thurman, Karen L. [D-FL-5] · D · Cosponsor
• Rep. Baldacci, John Elias [D-ME-2] · D · Cosponsor

Showing 48 of 49 sponsors and actors.

Related records

• related to ← Agricultural Credit Restoration Act